German free-to-air TV channel European Originals TV (eoTV) is in receivership.
The District Court of Munich opened insolvency proceedings against the assets of operating company EO Television GmbH, according to a declaration by the court. Munich-based solicitor Henrik Brandenburg has been appointed insolvency administrator.
The channel will continue broadcasting for the time being, eoTV founder Jürgen Hörner told industry portal DWDL, adding that the insolvency administrator is in talks with potential investors.
Hörner, formerly head of ProSiebenSat.1 TV Deutschland, launched eoTV in December 2015 – initially as an evening window on German children’s and family channel RiC, later as a 24-hour service via cable, satellite, IPTV and as a livestream on the internet.
The ad-supported channel shows series and movies produced in Europe, partly as German TV or free-to-air TV premieres.